Latest / CRYPTO 101 / Crypto Rundown: The McRib Is Back & The Government Reopens?! What Does This Do for Crypto?!

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Crypto Rundown: The McRib Is Back & The Government Reopens?! What Does This Do for Crypto?! · CRYPTO 101

0:08
[SPEAKER_00]: Alright everybody welcome back to the crypto 101 podcast presented by Gemini your bridge to the future of money It is another rundown and I am joined by our friend Brian Brian welcome back to the show We had you on Friday
0:23
[SPEAKER_00]: Um, and then we had to bring you back, Brendan's doing some research.
0:26
[SPEAKER_00]: We're going to get him going on Friday at this next Friday at 2 p.m.
0:32
[SPEAKER_00]: I'd put a post in the YouTube.
0:35
[SPEAKER_00]: Let's let everybody know our schedule this week.
0:37
[SPEAKER_00]: So we're here today right now.
0:38
[SPEAKER_00]: Thank you all for joining us and we're going to be back with Brendan on Friday and do a deep dive in technical analysis.
0:44
[SPEAKER_00]: But Bryan stepped up and stepped in so we'd get an episode out.
0:47
[SPEAKER_00]: Bryan, welcome back.
0:48
[SPEAKER_00]: How was your weekend?
0:50
[SPEAKER_00]: Shout out to Deborah with the go-hands in the chat because the hands won the homecoming game.
0:55
[SPEAKER_00]: But how are you, my friend?
0:57
[SPEAKER_01]: I'm doing great man, feeling cozy like you.
0:59
[SPEAKER_01]: We got a little bit of a cold front coming through the United States.
1:02
[SPEAKER_01]: But I love doing these shows man whenever you hit me up to jump on the rundown.
1:07
[SPEAKER_01]: I'll never say no to be completely honest with you.
1:10
[SPEAKER_01]: I love the chat.
1:12
[SPEAKER_01]: I love chatting it up with you and there's always something to talk about in this market.
1:16
[SPEAKER_00]: Yeah, I couldn't agree more.
1:17
[SPEAKER_00]: We got a good thing going here.
1:18
[SPEAKER_00]: It's always fun, whether it's, you know, we got the whole team or it's just Brendan or you or with Joe and everybody.
1:24
[SPEAKER_00]: It's uh, he's a really fun and definitely that we appreciate everybody in the chat and the community for, uh, yeah, for always jumping in and all that stuff.
1:32
[SPEAKER_00]: It's been, it's been really fun to kind of build this show.
1:35
[SPEAKER_00]: But over the weekend, there's been some good news.
1:38
[SPEAKER_00]: Um, and the market has been, uh, ticking up a little bit.
1:41
[SPEAKER_00]: I guess we could start with,
1:43
[SPEAKER_00]: the fact that the government shutdown, we can kind of bring that up first.
1:47
[SPEAKER_00]: I'm working on some technical things making sure the streams live brides.
1:52
[SPEAKER_00]: I'm going to pull this up and then hand it off to you.
1:54
[SPEAKER_01]: Yeah, I mean, we, we got good news.
1:57
[SPEAKER_01]: We talked about this on Friday and Kudos to you, Tevo, we were, we were looking at the date range.
2:03
[SPEAKER_01]: I think it was the, this week at the end of this week that there could be, we released from this possible government shutdown and sure enough, really positive moves here where it looks like people are going to probably be able to get on a plane to enjoy their loved ones for Thanksgiving and the market really liked it yesterday
2:23
[SPEAKER_01]: a really going into Sunday, whenever this government shutdown started to get buzzed that the government shutdown was going to come back, people were going to come back to work, the market started to do a creep back up and that's normal because Bitcoin, Ethereum, crypto, digital assets are still looked at as a risk on assets.
2:44
[SPEAKER_01]: Typically, whenever there's government shutdowns or tariff issues or anything, any speculative things along those lines, that we have some volatility at the end of the day, but government looks like it's going to be turning the key, turning the engine back on here, and the market was definitely reacting yesterday in a positive way.
3:02
[SPEAKER_00]: Yeah, we'll pull up Coin Market cap in a second, but we will bring back up Poly Market,
3:09
[SPEAKER_00]: Yeah, I'll take the flowers.
3:10
[SPEAKER_00]: I'll take the flowers.
3:11
[SPEAKER_00]: We have this up on November 7th on Friday.
3:15
[SPEAKER_00]: If you guys can see there, we're looking at the orange line there.
3:18
[SPEAKER_00]: The orange line, November 12th through the 15th that 95% now.
3:22
[SPEAKER_00]: If you're tuning into the show on Friday with us live, I said, listen, I said, this is going to get solved.
3:29
[SPEAKER_00]: I think this is the week, the travel, the airplane stuff like you said is getting a little heavy and, you know, this administration is an old school administration.
3:37
[SPEAKER_00]: And people are going to start canceling their travel plans this week for Thanksgiving and that's not the kind of talk you want at the table in a couple weeks as families get together.
3:46
[SPEAKER_00]: So we gave it out.
3:47
[SPEAKER_00]: We gave it out is not financial advice.
3:49
[SPEAKER_00]: Just a couple friends looking at polymarket trying to get some odds.
3:52
[SPEAKER_00]: And it was 25% on November 7th.
3:55
[SPEAKER_00]: So you could have bought in a 25% and it shot up to 95% there.
4:01
[SPEAKER_00]: I mean, that's a quick couple bucks there that you could have made.
4:04
[SPEAKER_00]: Um, yeah, and I, you know, I, I, I needed that one.
4:07
[SPEAKER_00]: I needed that W because I'll tell you this, me and Brian were talking a little football last night getting some bets in front of Monday and I football and they did not work out quite well.
4:15
[SPEAKER_00]: So we'll take our polymarket win, but that's what we give you on the crypto 101 run down.
4:20
[SPEAKER_00]: Uh, you know, there's a lot of alpha.
4:22
[SPEAKER_00]: There's a lot of alpha, not just in the polymarkets if you were here on Friday.
4:26
[SPEAKER_00]: There's also a little, uh, little sneak peek of a little pick that Brian gave that did quite well.
4:31
[SPEAKER_00]: But let's pull up Coin Market cap because now that things seem to be coming back with the government shutdown ending.
4:41
[SPEAKER_00]: It's an interesting spot.
4:43
[SPEAKER_00]: Bitcoin held above 100k.
4:45
[SPEAKER_00]: Ethereum had a solid bounce back.
4:47
[SPEAKER_00]: We're going to be hitting on some Bitcoin buyers.
4:49
[SPEAKER_00]: There was Ethereum buyers.
4:51
[SPEAKER_00]: And then the all coin market, everybody's been waiting for all coin season.
4:55
[SPEAKER_00]: Certainly has not happened by any means.
4:57
[SPEAKER_00]: But
4:58
[SPEAKER_00]: again things are kind of leveling off i think it was it was a sharp sharper rebound Sunday night especially in the futures for uh you know stocks crypto bitcoin but i still think that there's there's just this kind of uh overarching fear of you know
5:13
[SPEAKER_00]: know what what's going to happen here while we're up at all time highs, how's the Fed going to play out in December?
5:19
[SPEAKER_00]: Um, they're still flying blind with the data.
5:21
[SPEAKER_00]: So I still think the market is is definitely breathing a sigh of relief, but we're still a little clenched because you got to wait in for all the jobs data for all the CPIs, the PPI's.
5:31
[SPEAKER_00]: I mean, we've been flying blind here.
5:33
[SPEAKER_00]: from government data for, you know, close to six weeks.
5:36
[SPEAKER_00]: So when that stuff kind of gets backdated and starts rolling out again, the Fed's going to make their decisions.
5:41
[SPEAKER_00]: So again, it kind of all comes down to that.
5:44
[SPEAKER_00]: If you're if you're somebody who's investing into the day by day week by week, but any any price action stick out to your Brian that that you want to cover?
5:52
[SPEAKER_01]: Yeah, just to kind of pulling it out of me, we're sitting at a 31-inch fear, kind of getting out of the, I think, on Friday, we're in extreme fear, or dang close, and now we're creeping up out of that range, and I think for good reason, personally, I don't think we'll really out of the woods yet, and this is just my gut call, I don't think we'll really out of the woods, I believe that we're going to still chop a little bit, going into Thanksgiving and possibly even through Thanksgiving,
6:17
[SPEAKER_01]: And then I, I'm really, my guts tell me then we're going to really take off into that, you know, we all call it like a sand is rally, but I really believe the end of the year could really be spectacular for crypto.
6:29
[SPEAKER_01]: So there's two sides of this at the end of the day.
6:32
[SPEAKER_01]: Nobody loves major volatility in the present moment.
6:35
[SPEAKER_01]: Myself included.
6:37
[SPEAKER_01]: We all get, you know, that sweaty palms whenever, you know, you just see our favorite assets leak with really no reason.
6:44
[SPEAKER_01]: But at the end of the day, it gives us opportunity to continue dollar cost averaging in at a very attractive price, because you can see just even the slightest positive news can really move the market in a positive way.
6:56
[SPEAKER_01]: I think Bitcoin is still kind of the asset to
7:01
[SPEAKER_01]: If you don't want to like stay up at night and lose sleep, I think Bitcoin's kind of the asset to own or dollar cost average into again not finding it to advice, but that's kind of my personal thinking because alt's of course can have some major swings here while we figure out all the plethora of reasons with the CPI and the jobs and really this official government shutdown,
7:23
[SPEAKER_01]: But Bitcoin looks good in my opinion.
7:25
[SPEAKER_01]: We're still sitting above that key, like 103, 100,000, but 103 closing on the week would be great.
7:32
[SPEAKER_01]: And I do.
7:33
[SPEAKER_01]: I think we chopped for a little bit longer.
7:34
[SPEAKER_01]: This wasn't a surprise.
7:37
[SPEAKER_01]: Today's, we're doing a show on a holiday too.
7:39
[SPEAKER_01]: Shoutout to all the veterans out there.
7:42
[SPEAKER_01]: appreciate your service more than anything and it doesn't surprise me that we took a little bit of a red dip on a holiday like this and then with all the government uncertainty.
7:52
[SPEAKER_01]: But any sort of positive news seems to really candle us up in a positive way and I think we chop for a few more weeks but then we're going to be off to the races.
8:01
[SPEAKER_00]: Yeah, I couldn't agree more with thank you the veterans.
8:04
[SPEAKER_00]: I was going to do a little sign off there at the end of the show as well, but yeah, we appreciate everybody who
8:09
[SPEAKER_00]: You know, serves our great country and gives us the opportunity to, you know, have fun when on the internet and do this show and live like we live in an awesome country.
8:19
[SPEAKER_00]: So thank you to everybody.
8:20
[SPEAKER_00]: If there's any veterans out there in the chat, we love you.
8:23
[SPEAKER_00]: But this is a little sample before we bring Brendan on Friday for a deeper dive than to some technical analysis of everything that's going on.
8:31
[SPEAKER_00]: And that's why I think it was a good idea, actually.
8:33
[SPEAKER_00]: Brendan was busy doing his research, but it's actually good to let the week maybe flush out a little bit more after the news, and then we can get some real deep dive on Friday.
8:42
[SPEAKER_00]: So if you're interested in that deep dive, definitely come back on Friday, 2 PM Eastern.
8:47
[SPEAKER_00]: But the 50 days, this is something that Brendan was showing on the charts as well, just to show you.
8:53
[SPEAKER_00]: We've wicked below, you can see this a couple of different times.
8:55
[SPEAKER_00]: Brendan's actually showed this.
8:57
[SPEAKER_00]: It's here.
8:57
[SPEAKER_00]: We got it here.
8:58
[SPEAKER_00]: Wicked below.
8:58
[SPEAKER_00]: here a wick below and then here we go another little wick below that happened last week so we've held it um i think that's definitely important i think everybody would say probably fundamentally psychologically technically a hundred k is very important or else you're looking at you know another flush to the downside so something that we're going to be watching
9:17
[SPEAKER_00]: But with the government opening back up just quick on some government notes that means that legislation's back open.
9:25
[SPEAKER_00]: U.S. lawmakers release a draft of the bill for crypto market legislation.
9:29
[SPEAKER_00]: This stuff keeps rolling along.
9:32
[SPEAKER_00]: We covered here all the time because we think it's important, but you got Brian Armstrong.
9:35
[SPEAKER_00]: You got Vlad.
9:36
[SPEAKER_00]: You got the Winkle Boss twins.
9:37
[SPEAKER_00]: Everybody's down there in D.C., they have some friends and obviously they're heavy donors and trying to get a lot of people elected on both sides of the aisle.
9:46
[SPEAKER_00]: But this stuff's gonna pick back up, which we think long-term is bullish, but I do I do want to mention there was something that came out this weekend that President Trump tweeted out and talked about doing a dividend a tariff dividend if you will
10:03
[SPEAKER_00]: of $2,000 per person, kind of back to when the COVID checks came.
10:09
[SPEAKER_00]: And that was a huge liquidity boost.
10:11
[SPEAKER_00]: And obviously we go back and we can show the history of that price action.
10:16
[SPEAKER_00]: If you just zoom out on any chart, it was definitely a catalyst for more.
10:20
[SPEAKER_00]: So people were talking about, hey, is this going to happen?
10:22
[SPEAKER_00]: Another check coming out and the people are going to be caching it.
10:26
[SPEAKER_00]: It was all over the timeline Sunday morning.
10:28
[SPEAKER_00]: But,
10:29
[SPEAKER_00]: With that said, I think it's important to note that Scott Basin, who again on this program, we have highlighted that he is the mouthpiece for President Trump, especially for the financial markets.
10:39
[SPEAKER_00]: And he started doing kind of, I don't know if I call it damage control, but a little bit of elaboration of this tweet.
10:46
[SPEAKER_00]: And he did the rounds on Sunday morning on, you know, meet the press and
10:50
[SPEAKER_00]: uh... all those other you know what is a three six and ten jannels a bcc bs he way bam bam bam and said the same thing like well the two thousand dollar dividend i think this was kind of a quote was it could be uh... distributed in many ways whether it was tax breaks um... for you know people with their taxes it could be a child care credit something with health insurance so there is there
11:11
[SPEAKER_00]: I think they're looking into ways to maybe give some people some breaks, but it felt like Scott Bessant went on the press tour to really dampen the thought of checks being cut and sent.
11:25
[SPEAKER_00]: It was all over the timeline and from this suite you could take that and it wasn't interesting a couple hours, but I think it's important for all the listeners to know that it doesn't, I don't think that's as, as probable as a tweet like this might say, but any thoughts on that
11:41
[SPEAKER_01]: Yeah, well, we don't have full details behind this, you know, but if we do get some checks or tax breaks, it's only going to be positive for liquidity in the market and we know what happened last time any sort of a stimmy check came out.
11:53
[SPEAKER_01]: I'm not sure if that's going to happen, like you said, this go around, but it's still positive action.
11:59
[SPEAKER_01]: It really wasn't on my bingo card.
12:01
[SPEAKER_01]: I wasn't expecting a tweet like this from Donald Trump, but it's the administration we have.
12:05
[SPEAKER_01]: It's you have your head on a swivel.
12:09
[SPEAKER_00]: No, it's a good point.
12:10
[SPEAKER_00]: And it's like what you're saying with the odds for the shutdown, it's like, hey, should we sprinkle 4% for a later open date just because, you know, you can't really take anything the administration says at full value unless you hear from all the characters involved because it is just like the markets, it's very, you know, very, very volatile.
12:30
[SPEAKER_00]: And then one more piece of news is IRS issuing guidance for allowing crypto ETPs to stake for digital assets.
12:38
[SPEAKER_00]: Again, we think staking is coming to most if not all products that have the ability to do it.
12:45
[SPEAKER_00]: But Brian, are you excited for this?
12:47
[SPEAKER_01]: Yeah, I mean, it removes a big barrier for regulated funds to include staking as part of their investment offerings, which will absolutely boost adoption.
12:58
[SPEAKER_01]: I think this is huge news.
12:59
[SPEAKER_01]: It's something that we've been kind of chatting about for quite some time, but to see the IRS issue this new guidance and create a what they call a safe harbor allowing these crypto ETPs or trusts to stake digital assets without losing their
13:16
[SPEAKER_01]: but then they can distribute the staking rewards to the actual holders of the ETP ETF.
13:23
[SPEAKER_01]: So I think it's huge news out there.
13:26
[SPEAKER_01]: I think a lot of people that are investing in the ETS and ETPs and looking at those avenues are going to be very excited.
13:34
[SPEAKER_01]: It's a huge part of, you know, DeFi and Ethereum and Staking.
13:40
[SPEAKER_01]: It's in its massive and it's great to see them moving in a positive direction.
13:45
[SPEAKER_00]: Yeah, and my biggest thing for the staking is definitely where it'll take a long time for sure for these funds be able to do this.
13:53
[SPEAKER_00]: But, you know, it kind of opens up to all these dividend.
13:56
[SPEAKER_00]: I think an inferior would open up the opportunity for these dividend funds to start investing in certain products.
14:02
[SPEAKER_00]: You know, obviously it would probably be Ethereum first, then maybe a Solana.
14:06
[SPEAKER_00]: But again, there's a lot of funds that they have a mandate
14:09
[SPEAKER_00]: where they have to go and buy stocks or funds or ETFs that have a certain dividend to distribute.
14:19
[SPEAKER_00]: And so I wonder if these staking ETFs eventually will qualify for that.
14:23
[SPEAKER_00]: And then that opens the floodgates to a whole bunch of different capital.
14:27
[SPEAKER_00]: But honestly, we're going to move on here to our main event, the main event, the news of the week.
14:39
[SPEAKER_00]: you're going to talk about it.
14:40
[SPEAKER_00]: What do you think this means for Bitcoin?
14:42
[SPEAKER_00]: And I was like, guys, are you actually listening to the show on Friday when we told you everything was going to be fine.
14:47
[SPEAKER_00]: We told you the exact date the government was going to open.
14:50
[SPEAKER_00]: We gave you the 33% odds on polymarket.
14:53
[SPEAKER_00]: We said, you take that.
14:54
[SPEAKER_00]: You're going to be fine.
14:55
[SPEAKER_00]: You're going to make your money from that.
14:56
[SPEAKER_00]: And then don't worry because the mix ribs coming back.
14:59
[SPEAKER_00]: And we pulled up the map.
15:01
[SPEAKER_00]: I pulled up the literal national map of reported sightings of the mix rib.
15:05
[SPEAKER_00]: and said guys it's it's probably here there wasn't like a confirmed tweet but there was there was leaks i had intel from other McDonald's across the country that there were leaks and then i get my car i finish i finish on Friday had to go to the store i'm driving down the street past my local McDonald's and then bam i see it the mickrib is back this is a photo from me
15:28
[SPEAKER_00]: On Friday afternoon, after we just told you it was coming back that the look my local McDonald's had that so again everybody's saying the make rib is back the timeline was flooded yesterday after the official tweet coin based just tweeting it all the head influencers and I just said please please credit crypto 101 podcast for just absolute.
15:48
[SPEAKER_00]: boots on the ground journalism.
15:50
[SPEAKER_00]: And then we do.
15:50
[SPEAKER_00]: We have, we have Jake R in the chat.
15:53
[SPEAKER_00]: Jake R got his McRib the day for lunch.
15:55
[SPEAKER_00]: He's telling us he was putting us on saying hey guys, this is, you know, it's a community effort.
16:01
[SPEAKER_00]: It's not just one person.
16:02
[SPEAKER_00]: It was the full community that got this going.
16:04
[SPEAKER_00]: And the crypto one on podcast is a huge, huge background with food products and and bringing, bringing us higher.
16:11
[SPEAKER_00]: We've got the crypto bagel that people loved and now are back
16:18
[SPEAKER_00]: Is it going to calm your nerves and send Bitcoin higher?
16:22
[SPEAKER_01]: I think it's the strongest indicator of all crypto that the McRooop is back, Bitcoin like two X's on every time this McRooop comes back.
16:31
[SPEAKER_01]: If it does, I'll get a McRooop tattoo on myself.
16:33
[SPEAKER_01]: That's how excited I would be for the actual McRooop to kick us into a bull market.
16:40
[SPEAKER_01]: It's exhilarating stuff, man.
16:42
[SPEAKER_01]: And to everybody that's watching the show, Tvo.
16:46
[SPEAKER_01]: boots on the ground to this guy because when we get off of this rundown show, I'm just kind of spending some time with the family.
16:52
[SPEAKER_01]: I get the text message.
16:54
[SPEAKER_01]: Hey, this is from my local McDonald's, the McRibb is back.
16:57
[SPEAKER_01]: And no joke, it may sound silly, but every time this damn sandwich comes back, we absolutely fire up with green candles.
17:06
[SPEAKER_01]: And I'm not one to fight.
17:08
[SPEAKER_01]: I'm not one to fight
17:14
[SPEAKER_01]: hats off to you, whoever the guys in the chat hats off because I'm going to eat a lot of McRibs if we two X Bitcoin.
17:22
[SPEAKER_00]: Yeah, it's uh, third time's a charm and I got this chart up here, um, that has it, uh, the microbrit turns and it just seems to be an absolute, uh, shoot to the upside with green candles.
17:33
[SPEAKER_00]: So something to definitely watch will be very fun.
17:37
[SPEAKER_00]: Uh, again, it can't, it can, uh, this is just a one tool of data in your arsenal.
17:42
[SPEAKER_00]: Please do not base any decisions off the micro rib, but it's definitely, as this person says, not financial advice, but it is quite a delicious strategy
17:52
[SPEAKER_00]: If you will, if you're interested in looking deeper into that, there's so many charts.
17:57
[SPEAKER_00]: Again, crypto Twitter is just buzzing that the Mick Ribs back.
18:00
[SPEAKER_00]: And I think Michael Salars all in as well, because he continues to buy Bitcoin, whether the Mick Rib is on or the Mick Ribs not, but strategy buys some more Bitcoin, 50 million more for strategy.
18:13
[SPEAKER_00]: Another person I saw that bought some Bitcoin was, friend of the program, the Vekram, Swami.
18:19
[SPEAKER_00]: a strife his company buys an additional 162 million worth of Bitcoin.
18:24
[SPEAKER_00]: I think he's an interesting character to add to the Bitcoin boss because, you know, and again, in the political cycles, I don't know if he's still running or planning to run for governor of Ohio maybe, but again, he seems to like the political landscape, and I think he had a...
18:41
[SPEAKER_00]: better kind of relationship with J.D.
18:43
[SPEAKER_00]: Vance than President Trump per se.
18:45
[SPEAKER_00]: So it'll be interesting to see the next election cycle of fees in, but again, just a, you know, big business man and strong political figure buying some more Bitcoin.
18:55
[SPEAKER_00]: And then again, with ETH, we got Tom Lee, Tom Lee's, I've heard this, that's the wrong link there that might be, let's see.
19:05
[SPEAKER_00]: Now that makes pretty good.
19:07
[SPEAKER_01]: Why you find that link?
19:08
[SPEAKER_01]: I'm just going to call out, uh, I'm just going to absolutely call out that, you know, smart money's buying as, you know, a lot of like small retail people might be getting spooked in their selling, but in addition to that, back to this McRib because I can't shake it.
19:24
[SPEAKER_01]: We have like these multi-million and billion-dollar companies and handles like Coinbase tweeting about the McRib.
19:31
[SPEAKER_01]: So the indicator is there for everyone, but in all seriousness, we have some big major moves out there with strategy, Vavak, Tom Lee.
19:41
[SPEAKER_01]: These guys are not shaken up.
19:44
[SPEAKER_01]: by a small 2% dip in the market, or a 5% dip in the market, they're looking at it as a buying opportunity.
19:51
[SPEAKER_01]: And I think that's how a lot of people need to look at it.
19:53
[SPEAKER_01]: They need to zoom out a little bit and realize that we've gotten some kind of negative news with like tariff issues and government shutdowns.
20:00
[SPEAKER_01]: And we've helped pretty strong.
20:02
[SPEAKER_01]: What happens when we come out of it and we get rate cuts in, we start to look stronger as an economy.
20:08
[SPEAKER_01]: I think all these assets are absolutely fine.
20:11
[SPEAKER_00]: Yeah, so be it BMR and our bought more E-flash week and I thought funny, um, I saw a funny, uh, kind of breakdown on Tom Lee.
20:21
[SPEAKER_00]: It was like when Tom Lee's hair is really well put together and combed that he's he's he's really really really bullish.
20:30
[SPEAKER_00]: So it's like when he when he's when he has a full like full head of hair perfectly comb slightly Jelled he's like his conviction is very very high and then when it's a little bit you know a little bit Bedhead maybe not perfectly put together It's not that he's he's not that he's selling it's just like hey, I'm not I'm not buying a lot of these levels So I saw I saw that I've known that and I've been you know, I've been kind of looking at that recently and then last week the last week during this dip
20:59
[SPEAKER_00]: He was perfectly put together, and I was like, oh, man, I think Tonly's buying a bag right now, a big bag.
21:05
[SPEAKER_00]: And then obviously it starts coming out, you know, that B.M.N.R.
21:10
[SPEAKER_00]: Let's just, I'll pull up their full, their full holdings right now.
21:13
[SPEAKER_00]: I think they just posted something yesterday about that.
21:16
[SPEAKER_00]: So the, here we go, we'll share this.
21:19
[SPEAKER_00]: So again, and then I think somebody came out and actually bought a ton of B.M.N.R.
21:22
[SPEAKER_00]: shares.
21:23
[SPEAKER_00]: I know Kathy Woods, Arc did last week, and then somebody else did as well.
21:27
[SPEAKER_00]: but they have 13.2 billion in total crypto and that's $3,000, or sorry, $3,000, $3,000, $3.5 million of
21:48
[SPEAKER_00]: Yeah, so I don't know the second bit mind.
21:51
[SPEAKER_00]: I mean that that that that's that alone like since this was announced will be starting to offering it like that it didn't exist, you know the months ago, right?
21:58
[SPEAKER_00]: Like bit mind bit mind existed but not as a theorem treasury company and then now they're number two in the world which I think is is quite interesting
22:07
[SPEAKER_00]: And then I pulled this, so I thought again, I was kind of on the Tom Leakek, I don't think we've had a Tom Leake video in a while, but I found the one that wasn't necessarily tied to ETH specifically, but it was tied to kind of the long-term notion of investing, right?
22:23
[SPEAKER_00]: Like that's kind of what we preach in the sense of, you know, some of us really like to trade, we're not going to lie there, we do that.
22:30
[SPEAKER_00]: But
22:31
[SPEAKER_00]: the thesis of a lot of our holdings and it's not personal financial advice for anybody is that hey we we do long-term holds right that's kind of especially if you're in the the intro level of our communities we you know we preach you know buying and holding and these are long-term plays and uh i think this was some unique alpha from Tom regarding that so let's take a listen and it applies to the Ethereum strategy but just in general i think this is good for for our listeners
22:58
[SPEAKER_02]: I'd like to correct something that people said because I've been in market's vision of 35 years.
23:03
[SPEAKER_02]: Yeah.
23:05
[SPEAKER_02]: And I've never thought retail was wrong.
23:08
[SPEAKER_02]: I grew up in at Smith-Barrie, which was what they call a wirehouse system.
23:15
[SPEAKER_02]: So there was a lot of retail investors.
23:17
[SPEAKER_02]: You know, that was their order flow was by 50, 50 institutional retail.
23:29
[SPEAKER_02]: Um, so the reason is I think retail, remember, no, I mean, I'm generalizing because there's a lot in retail.
23:37
[SPEAKER_02]: There's like your day trainers and there's Robin Hood and then there's Schwab and then there's high net worth.
23:42
[SPEAKER_02]: The reality is that person who's buying stocks because they have a long term view of stocks is going to get this market right.
23:53
[SPEAKER_02]: Fuck, there are more of those people in retail.
23:57
[SPEAKER_02]: than in institutions because the institutional investor has a monthly bogey they gotta beat.
24:04
[SPEAKER_02]: And they're under pressure to beat their peers.
24:08
[SPEAKER_02]: So sometimes they forget that Nvidia is just a long term by they're trying to time the market.
24:14
[SPEAKER_02]: So I would say anyone who operates with a long term view is the smart money and that's been mostly more of those folks are in retail.
24:26
[SPEAKER_00]: So I thought that was really interesting, because again, we're obviously considered retail investors and Tom kind of has that view of the retail investor obviously different from institutional in that sense, but I thought that one bit of long-term vision, number one, but also the benchmarks.
24:44
[SPEAKER_00]: So people always wonder, why is the price going down?
24:48
[SPEAKER_00]: Why is this?
24:48
[SPEAKER_00]: And there's always macro levels of things that you can explain here and sometimes there's really not.
24:56
[SPEAKER_00]: Um, and I thought that was really interesting of the benchmark of, you know, these professional people, they're not, they're not just competing to grow the money and to invest correctly.
25:05
[SPEAKER_00]: They're actually competing against each other.
25:08
[SPEAKER_00]: And so you have all these people and people want to beat, you know, this fun manager out, or I got to perform like this to get my bonus.
25:15
[SPEAKER_00]: And so, you know, they should be fiduciaries.
25:18
[SPEAKER_00]: There's a fiduciary duty to do this the right way.
25:20
[SPEAKER_00]: But you know, greed fuels a lot as well.
25:23
[SPEAKER_00]: So that's why sometimes you might see some wild moves is people are actually, you know, they're going for benchmarks of short term to cover some gains to try to, you know, get a raise or get their bonus versus a longer term view.
25:40
[SPEAKER_01]: Yeah, no doubt about it.
25:42
[SPEAKER_01]: I mean, you know, we're long-term investors here at the end of the day.
25:45
[SPEAKER_01]: We see the path for digital assets, and especially certain assets like Bitcoin and Ethereum and Sloan have absolutely thrived.
25:53
[SPEAKER_01]: So I mean, my take is just it's smart money's buying, you know, and we'll, I think I think there's a lot of opportunity in the market right now.
26:03
[SPEAKER_00]: Yeah, so I'm trying to find something because it was a stat that I heard.
26:06
[SPEAKER_00]: I want to make sure Let me make sure I get this right active fund minutes.
26:11
[SPEAKER_00]: It's something about active.
26:12
[SPEAKER_00]: So this is a kind of a story to try to paint the picture This is a story about the end of the year.
26:17
[SPEAKER_00]: So right now in 2025 mainly probably because of the tariff dip in April active fund managers are actually underperforming
26:24
[SPEAKER_00]: just third to twenty twenty one point nine so twenty two percent of active fund managers have beaten the market year to date.
26:31
[SPEAKER_00]: It's the worst performance in the last twenty six years.
26:35
[SPEAKER_00]: This is in sharp contrast to sixty percent seen in twenty twenty one and twenty twenty two.
26:40
[SPEAKER_00]: So right now just twenty two percent are outperforming back in twenty twenty one and twenty two before the last correction it was sixty percent.
26:49
[SPEAKER_00]: So this is well below the average of 42%, so, you know, when you start reading those numbers, what does that mean?
26:56
[SPEAKER_00]: So what does that mean for the end of the year?
26:57
[SPEAKER_00]: Are the people that are underperforming?
27:00
[SPEAKER_00]: Are they going to sell?
27:02
[SPEAKER_00]: Or they, I don't know.
27:04
[SPEAKER_00]: We don't know.
27:04
[SPEAKER_00]: I don't have a crystal ball here, but I'm just, you know, from deductive reasoning, this is kind of the case for the run into the end of the year, is all these people are underperforming.
27:12
[SPEAKER_00]: So, what you might do is say, hey, I underperformed, I'm cutting some losses, especially if you lost a ton of money, I guess you take the tax lost harvest.
27:21
[SPEAKER_00]: But again, what stocks are down that poorly that you have that much tax lost harvesting to do, not, not many.
27:28
[SPEAKER_00]: So then it comes to, okay, well, if you don't have the tax lost harvest, why don't you have the gains?
27:34
[SPEAKER_00]: And it's because you got shook out, right?
27:36
[SPEAKER_00]: So if you got shook out, then you might have to get back in.
27:39
[SPEAKER_00]: And so as you're getting back in, it's called window dressing.
27:41
[SPEAKER_00]: It's like, well, I was, I missed this 100% run and Robinhood, but I used to own it's only to buy it back.
27:48
[SPEAKER_00]: So now I'm going to buy it back and it's called window dressing so you can sit down at the end of the year.
27:51
[SPEAKER_00]: And say, hey, we had this portfolio.
27:53
[SPEAKER_00]: We did a little under performance, but now we're on the right track.
27:56
[SPEAKER_00]: Or you're going to be sitting on, you know, I guess piles a cash or depending on what your M.O.
28:01
[SPEAKER_00]: is for your fund, but I think that's stat of 22% of active fund managers have beaten the market the average is 42 and more recently it's been about 60 so that kind of leaves a little bit of a gap there for for running to your end is is kind of what I'm seeing so I thought that was an interesting stat to bring with people.
28:26
[SPEAKER_01]: No, I mean, you know it.
28:30
[SPEAKER_01]: I mean, I can't really add too much to it because you just, you know, you dressed to cake perfectly.
28:37
[SPEAKER_00]: All right, I'll talk to this one.
28:38
[SPEAKER_00]: I'm excited about this one for you because I just scheduled you for a summon interview and we'll put the links in the bio for our next summit.
28:46
[SPEAKER_00]: Um, but we're having a ton a hedge fund summit so we're bringing on a ton of people.
28:51
[SPEAKER_00]: Um, some of them were going to release on the podcast, but I have you scheduled with the Canary Capital CEO Brian.
28:56
[SPEAKER_00]: So you can ask him about this XRP ETF and more importantly, I know you want to talk to about the pen goo ETF.
29:02
[SPEAKER_00]: That's why I gave that one to you.
29:04
[SPEAKER_00]: But it looks like we got an XRP ETF shout out to the XRP army.
29:08
[SPEAKER_00]: We know, we know, or they know how much that we love.
29:12
[SPEAKER_01]: Yeah, I said that when I put this link in the chat, I was on our sheet earlier today.
29:17
[SPEAKER_01]: I was like, man, an XRP ETF might happen this week.
29:21
[SPEAKER_01]: And I am not the biggest XRP fan, we've talked about that in the past, but I even told Teelo Offer, I was like hats off to the XRP army because they are just ruthless.
29:33
[SPEAKER_01]: They are, they hold and then if you, if you say anything bad about their token, they attack you, it is a legit army and hats off to them.
29:43
[SPEAKER_01]: I hope they get an ETF.
29:44
[SPEAKER_01]: I think it's only great for the entire market.
29:47
[SPEAKER_01]: And I got some good buddies that are big XRP guys and you know I even had one just this past Sunday Saturday we were sitting down and he's like you still kind of not a huge XRP fan and I was like listen the price will probably go up and there's reasons with the tokenomics and it around why I don't love it and I find some better opportunities but he goes well I'm just never selling and I go that's what makes this token so interesting is because the community behind it.
30:15
[SPEAKER_01]: Not only does it have some very interesting utility out there at the end of the day and what they're trying to build, but they have a very cult-like community.
30:22
[SPEAKER_01]: So they're pushing for an ETF.
30:24
[SPEAKER_01]: Let's make it happen because if XRP's getting an ETF, I'll tell you what.
30:27
[SPEAKER_01]: This could be a lot of other ones too.
30:29
[SPEAKER_00]: Yeah, 100% in a canary capital.
30:31
[SPEAKER_00]: We had an awesome podcast with him if you didn't listen to anything.
30:34
[SPEAKER_00]: It was about two months ago.
30:35
[SPEAKER_00]: All you have to search for is crypto 101 podcast canary capital.
30:39
[SPEAKER_00]: But we're bringing back him back on for the summit for an end of your update Brian's going to conduct that interview so that'll be a good one But yeah, a lot of momentum in the ETF space You know 2026 is going to be quite the interesting year But I'm gonna hand the reins over to you take his home our last section a little bit of a little bit of memes NFTs prediction markets with Brian The people you know you're here Friday, but it's like it's your specialty so take it home you lead all pull up and add some color where I can but take it home
31:07
[SPEAKER_01]: Yeah, I mean, I think one of the biggest things that's happening between yesterday and today, we've had three token launch pads announced all within the Coinbase or base ecosystem at the end of the day.
31:20
[SPEAKER_01]: As you can see with Tevo brought up there, it's Coinbase is doing token launches.
31:25
[SPEAKER_01]: They want to make it a lot better.
31:26
[SPEAKER_01]: It's got early access to a lot of your favorite tokens.
31:29
[SPEAKER_01]: They want to support real,
31:32
[SPEAKER_01]: supporters and prioritize them.
31:34
[SPEAKER_01]: U.S. users can finally join again a very strong token distribution.
31:39
[SPEAKER_01]: It's just you can see growing interest in token launch pads and to make it better in Coinbase.
31:47
[SPEAKER_01]: hats off, they're continuing to innovate, they're continuing to build out there, and the moan ad has been a very popular layer one blockchain who has had an air drop registration recently, but now they're going to have a public ICO sale, I believe, just in a week, and that's going to be the first one on this Coinbase platform.
32:09
[SPEAKER_01]: And then not only de Coinbase, oh, and then hit that second link as well.
32:13
[SPEAKER_01]: There's a tweet by Tyler that was super interesting, I thought.
32:16
[SPEAKER_01]: is that one detail in the Coinbase new launch pad, those who sell early face consequences.
32:22
[SPEAKER_01]: I believe if you sell or portion a certain amount within the first 30 days, it could restrict you from future token sales.
32:31
[SPEAKER_01]: So that's going to really help tighten up.
32:33
[SPEAKER_01]: you know, you know, people trying to like just buy and sell and quick flip and these pumping dump schemes.
32:39
[SPEAKER_01]: So, an interesting mechanic.
32:41
[SPEAKER_01]: I'm curious to see how that will all shake out.
32:44
[SPEAKER_01]: And then we have virtuals.
32:46
[SPEAKER_01]: One of, you know, one of my favorite tokens out there, honestly, it is a
32:51
[SPEAKER_01]: AI agent launchpad, it's found in the base ecosystem, they introduce Luna.fun, it's a meme, it's a meme-coin launchpad with AI-generated content.
33:03
[SPEAKER_01]: So every token on Luna is gay power, it's own content engine, it's really where AI-engine agents produce content and they're going to earn revenue on chain through this whole
33:14
[SPEAKER_01]: AI economy.
33:16
[SPEAKER_01]: And then lastly, we have an open serve who's introducing a watchpad as well.
33:23
[SPEAKER_01]: That's going to be powered by, that's going to be on base.
33:25
[SPEAKER_01]: It's going to be powered by Aero Drone, shout out Aero Drone, huge Aero Drone guy right here.
33:30
[SPEAKER_01]: And they're introducing the first AI native launchpad as well as you can see where founders build launch and scale AI investors get the co-owned and next generation of tokenized assets.
33:42
[SPEAKER_01]: But what I'm saying here is that launchpads are still a thing new token launches are still a thing now we're integrating it with AI with AI.
33:51
[SPEAKER_01]: Yeah, internet capital markets is it's just a super interesting time to be glued in and this is all centered around like Coinbase and the base ecosystem and we're already bullish on what Coinbase and you know the base ecosystem's been building but it's great to see how they're continuing to develop and most importantly innovate.
34:12
[SPEAKER_01]: They're just not sitting on their hands and collecting a check from all the fees.
34:16
[SPEAKER_01]: They're continuing to deliver to the people that matter the most.
34:21
[SPEAKER_00]: I've got thrown off my game here.
34:23
[SPEAKER_00]: I got people in my group chat sending me pictures of me in this sweater saying I'm cold I love grand skilling that right now murdering me.
34:32
[SPEAKER_01]: I love it man.
34:33
[SPEAKER_01]: I love it.
34:34
[SPEAKER_01]: I was in there chirping a little bit too Not gonna lie and The next up you can bring the next link while you defend yourself the best you can but grant.
34:44
[SPEAKER_01]: I'm sure it's a Sharp and I thought absolutely ruthless, but maybe we just deliver everyone for a little Christmas gift that hoodie
34:51
[SPEAKER_01]: Uh, Z-Cash.
34:53
[SPEAKER_01]: We brought it up.
34:54
[SPEAKER_01]: I'm not a holder of Z-Cash, but we brought it up on Friday's show, so I had to bring it up here.
34:59
[SPEAKER_01]: And again, hey, if you want a little bit of alpha, you gotta tune in to these rundowns because we're staring at it at like 700 bucks.
35:07
[SPEAKER_01]: And I was like, you're both of us were like, we can't buy it here, but privacy coins in this meta has absolutely, you know, taken the market by storm and we even like kind of joke or like this, this doesn't look like a chart you want to buy it looks like a chart you want to short and that's not because of what Z cash does or the future and I do think it continues to do well, but it just was like,
35:28
[SPEAKER_01]: up and you call it a hockey stick and nothing goes up in a straight line.
35:32
[SPEAKER_01]: So that was pretty obvious that we were going to see a pretty major correction.
35:35
[SPEAKER_01]: And we did.
35:36
[SPEAKER_01]: It's sitting right around 490, 500 bucks right now.
35:40
[SPEAKER_01]: Okay, throw this back to you, Tivo.
35:43
[SPEAKER_01]: Yeah.
35:43
[SPEAKER_01]: Any thoughts on Z-cash in this major correction?
35:46
[SPEAKER_01]: Do you think we keep dip end?
35:47
[SPEAKER_01]: Do you think we have a little bounce?
35:49
[SPEAKER_00]: Ah, not
35:49
[SPEAKER_00]: It looks like it's hitting that mochi cloud there, which it likes to bounce off of, I guess, I mean, anything that's like a hockey stick, you know, I tend to stay away from unless I was in early enough like Robin Hood when I gave it out on the crypto one on podcast at nine dollars crazy
36:07
[SPEAKER_00]: I mean again for me it's it's hard to jump in there when the hockey stick like that.
36:14
[SPEAKER_00]: We kind of again covered that the other day Just that it'd be careful in this and yeah, you can see there.
36:18
[SPEAKER_00]: It's coming back in but um, I don't know.
36:20
[SPEAKER_00]: I think there's there's always there's always opportunities and that's what we try to do on the show, right?
36:24
[SPEAKER_00]: It's trying to figure out
36:25
[SPEAKER_00]: where and what, you know, where the opportunities are.
36:28
[SPEAKER_00]: Speaking of Robinhood, we got the Jupiter Robinhood Partnership kind of continuing on here.
36:33
[SPEAKER_00]: So what if you heard of that?
36:34
[SPEAKER_00]: I know you're bullish on kind of that tokenization of stocks, Robinhoods kind of leading the way.
36:42
[SPEAKER_00]: Honestly, kind of the bad boys of finance, if you will, and a bit, they're kind of like, yeah, we're doing this.
36:46
[SPEAKER_00]: And then all these companies came out and were like,
36:49
[SPEAKER_00]: We don't give you permission, and there's like, you don't need to.
36:52
[SPEAKER_00]: It's an interesting, uh, trusting a little back and forth.
36:55
[SPEAKER_00]: But I think the legislation will kind of clear the runaway, but anything you're seeing specific here with Jupiter?
37:00
[SPEAKER_01]: Yeah, I mean, vads continuing to cook over there on Robin Hood, and then, you know, Jupiter is one of the, you know, most popular exchanges out there as well, and they have a token.
37:10
[SPEAKER_01]: And this integration of this partnership, I should say, is really interesting to me, because you can swap and trade SPL tokens,
37:18
[SPEAKER_01]: I just for clarification, SPL tokens are the tokens standard on Sol.
37:22
[SPEAKER_01]: So like Ethereum has tokens, they are ERC 20 tokens, these are the SPL tokens, and you can trade Sol based tokens directly on Robinhood, or at least this integration.
37:34
[SPEAKER_01]: It's a big move for Solana, I'm bullish on all of these names here.
37:40
[SPEAKER_01]: Jupiter, Robin Hood, Solana, and they're kind of making a baby here and Robin Hood's coming out with their own wallet offering SPL tokens.
37:49
[SPEAKER_01]: I think it's going to be good for sole-based tokens.
37:52
[SPEAKER_01]: I think it's going to be good for Jupiter.
37:54
[SPEAKER_01]: I think it's going to be good for Robin Hood.
37:55
[SPEAKER_01]: And it's pretty big news.
37:57
[SPEAKER_01]: Again, it might be like taking some dips here in some of these prices or just like a 2% dip here, 5% dip here, back up.
38:05
[SPEAKER_01]: But major, very smart people, major companies are continuing to collab partnership and make things happen because they see the long-term vision that finance is going to be disrupted by crypto and digital assets.
38:21
[SPEAKER_01]: And this is just another reason why we should be all very excited for the future.
38:26
[SPEAKER_00]: Yeah, and again, everybody's, everybody's piling in.
38:29
[SPEAKER_00]: It's partnerships left and right, everything from, you know, what is crypto and tokenization, the blockchains, and then obviously these betting markets too.
38:39
[SPEAKER_00]: So, price picks, which is a huge name on kind of what daily fantasy picks decides to jump into the bed with polymarket, which is interesting.
38:49
[SPEAKER_00]: I don't know exactly.
38:51
[SPEAKER_01]: why I don't know I'll hand this off to you like why does why does polymarket need price picks I guess would be my question any thoughts uh... you know i think they just i mean paul at price picks is one of the leading fancy companies uh... in the entire world and this is a multi-year partnership with polymarket to facilitate person purchase of these event contracts and there got a soon to be launched prediction markets offering i i don't think polymarkets get turned away
39:19
[SPEAKER_01]: a major partnership with one of the top fantasy platforms around, you know, because it's only gave them better exposure, they give them more money due to fees, and it's just continues to endorse that these prediction markets are here to stay, and then on the prospects side of things, they're looking at it, it's like great, we're a leader in fantasy sports.
39:39
[SPEAKER_01]: We probably don't have a, I don't know the specifics of it, but they probably don't have a sports betting license, so they can give their customer who already are interested in wagering already interested in fantasy, they're going to give them the option now with these prediction markets.
39:59
[SPEAKER_01]: It is starting to feel slightly saturated here with all these prediction markets and how many are coming up and how many are clapping.
40:09
[SPEAKER_01]: I don't think every one of them is going to survive, but Pauli Market feels like one of the best out there, the Calstries of the world.
40:16
[SPEAKER_01]: And they're teaming up with major, I mean, they're all kind of grab any other, you know, like fix.
40:21
[SPEAKER_01]: We need you.
40:22
[SPEAKER_01]: Pauli Market's like, hey, we'll be your provider.
40:24
[SPEAKER_01]: We'll be your infrastructure.
40:26
[SPEAKER_01]: let's make a baby and make this happen.
40:28
[SPEAKER_01]: So prediction markets aren't going to go everywhere, but I'll be curious to kind of see because like every day I like wake up and there's like another prediction market teaming up with another major company.
40:41
[SPEAKER_01]: But this goes to show you why the New York Stock Exchange Pan Company gave probably market $2 billion for their data.
40:49
[SPEAKER_01]: This goes to show you why they were valued at $10 to $15 billion with a B dollars.
40:54
[SPEAKER_01]: The the the world has an appetite for this and we get we talked about this.
40:59
[SPEAKER_01]: I think I'm one of these rundown shows like draft King's acquiring railbird in there.
41:03
[SPEAKER_01]: prediction market.
41:05
[SPEAKER_01]: Obviously, a lot of these major, you know, sports wage or any house or fancy houses, see an opportunity here and they're jumping on it.
41:13
[SPEAKER_01]: And you know, when something gets too big, it's, it's not going to get shut down, but they'll probably be some regulation here.
41:19
[SPEAKER_01]: So really cares to see how it all develops on the long run.
41:22
[SPEAKER_00]: Yeah, there has to be because you got to think the lobbyist for.
41:25
[SPEAKER_00]: draft kings in Fandwell just even get that cross the finish line like it has in the last five years I mean, you know, you can just pull up.
41:34
[SPEAKER_00]: I mean, I'll pull it up right now.
41:35
[SPEAKER_00]: It was what draft kings stock
41:38
[SPEAKER_00]: I don't know, let's go here to date and we'll share this tab and yeah, I mean, 16% you know, obviously it's kind of like a little bit not quite a double top there for doing a little TA, but you know, this is when the, you know, the prediction markets have been a huge, huge vocal point this year and you could just see this stock, you know, kind of struggling.
41:57
[SPEAKER_00]: down 30% on the year.
41:59
[SPEAKER_00]: Again, that's for really the leader in sports.
42:04
[SPEAKER_00]: We love draft Kings and we love Fandle with any of them want to sponsor us for some prediction markets.
42:08
[SPEAKER_00]: We're here to help.
42:10
[SPEAKER_00]: But yeah, from the gambling space, let's look at Penn, my former employer.
42:15
[SPEAKER_00]: uh... pen uh... pen gaming stock let's take a look at them because i think i'm there's a method of my madness here brion uh... wild down twenty three percent this year wild down seventy five percent unbelievable um... i was working at pen here at about one twenty i was got hired here and then i got i was i was working here and then they let me go and i mean just you can see what happens that's you hate to see here
42:39
[SPEAKER_00]: eight to see that I mean you know what I just I mean the facts of the facts Brian I don't know what I am looking at the stock and I'm just like while you stood you know I went up and we were all really excited about it and then you know things happen I guess and I mean just the stock tells the story for itself there that's that's a tough 75% decline
42:57
[SPEAKER_00]: But the the story of that is obviously with that bar stool and the bar stool gambling app didn't work they throw bar stool back to Dave for a dollar and then they go and do ESPN bet and now they just announced recently that ESPN bet's folding and I don't know what they're going to do from there on out but
43:13
[SPEAKER_00]: Um, I think that's kind of a playbook is that the oversaturation for the gambling market because, you know, you're a big gambling guy and you were at draft Kings, right?
43:21
[SPEAKER_00]: And then all this stuff was going live.
43:23
[SPEAKER_00]: It was draft Kings.
43:24
[SPEAKER_00]: It was Fandle.
43:25
[SPEAKER_00]: It was, you know, ESPN bet.
43:27
[SPEAKER_00]: And then Barstall bet, MGM bet, S bet, this bet, that bet.
43:31
[SPEAKER_00]: Everybody needed a sports book, especially an app.
43:34
[SPEAKER_00]: And then now there's the consolidation phase that seems to be happening.
43:37
[SPEAKER_00]: And obviously the valuations of these companies got a little ahead of themselves.
43:41
[SPEAKER_00]: So now there's going to consolidate and there's going to be a couple winners and then it's going to, you know, move on and I feel like that's going to be the story of the prediction markets here and obviously now is the time where everybody's launching one and there's so many and, you know, maybe the crypto decentralized version of it allows there to be some more operating on the blockchain but I think, you know, five years from now we're going to look back and be like, man, remember all those partnerships and all those, you know, prediction markets and now we're going to have a couple, you know, a couple that everybody uses.
44:10
[SPEAKER_01]: Yeah, I think you nailed it.
44:11
[SPEAKER_01]: I think it's a consolidate, but it does feel like there's a movement here.
44:17
[SPEAKER_01]: You know, we haven't really talked about this personally or even on the show.
44:21
[SPEAKER_01]: We have all these like sports, uh, the Terry Rose ears and the Chancy bobs and all these issues with, you know, uh, with people getting
44:30
[SPEAKER_01]: literally shaving points or cutting down on their props and you've seen this UFC fighter all this stuff and a lot of those things That's like the good side of that's a good side of sports books in legalized gambling because all those We're kind of getting uncovered because of your regular betting on the centralized sports books They saw the money flowing in back in the day when you had a book here It was all through the mob or something.
44:54
[SPEAKER_01]: You know, there was no way to track this at all, so the more we
44:58
[SPEAKER_01]: evolve into a more sophisticated system.
45:02
[SPEAKER_01]: It should, you know, help clean up and help tighten up a lot of these, you know, integrity of the game at the end of the day.
45:11
[SPEAKER_01]: But it does feel like there was a movement here like bookies years and years ago with the only way to, you know, place a bet and then sports books came out and people really shundome and now you can't turn on ESPN or ABC like I was watching Sunday morning football and they were just like constantly they were just like this is like Matt Barry's like this is my three team parlay, this is my prop parlay, like
45:36
[SPEAKER_01]: they've just obviously the NFL once gambling they're endorsing it so there's a fine line here how's this all going to look five years down the line are we guys see a change from like what happened with bookies and it moved to the centralized sports books is that's what's happening to the sports books with prediction markets now is it going to change so much that we're really only going to be looking at these peer-to-peer event contracts
46:01
[SPEAKER_01]: I'm fascinated by it, as somebody likes the wager, as somebody likes technology, you obviously loves blockchain.
46:09
[SPEAKER_01]: I do foresee like we might, this is going to evolve in prediction markets and take over the space, but how that's going to look, I'm not exactly sure.
46:18
[SPEAKER_00]: Yeah, and that's why we cover it and we dive into it.
46:21
[SPEAKER_00]: We give an absolute winner last week.
46:23
[SPEAKER_00]: Again, you could cash that out today and more than double your money.
46:26
[SPEAKER_00]: So people love you.
46:27
[SPEAKER_00]: Love to see that for the good people of the crypto 101 podcast for tuning in.
46:33
[SPEAKER_00]: And yeah, I've been trying to, I think we would be down to do a prediction market show.
46:37
[SPEAKER_00]: It's just the, it's just the bandwidth of the time.
46:40
[SPEAKER_00]: But if it's people wanting and the people in the comments asking for it, we'll see what we can spin up or if there's any sponsors out there that want to jump in, you know, we got we got quite a little handle between me and Brian, they're just saying it's somebody somebody can have it, apparently last night last night hard rock bet took it.
46:58
[SPEAKER_00]: from me because Jalen Hurts didn't want to get a touchdown for again, the touch bush, but you win some you lose some.
47:05
[SPEAKER_00]: But your favorite Brian, the moonbirds, the link you sent me was broken, but what we were talking about.
47:10
[SPEAKER_00]: And I thought, all right, I found another one super produced here.
47:13
[SPEAKER_00]: So moonbirds merch is coming.
47:15
[SPEAKER_00]: That's exciting.
47:16
[SPEAKER_00]: I do love those designs.
47:17
[SPEAKER_00]: I think that could be killer.
47:18
[SPEAKER_00]: This video here is trippy is anything, but moonbirds announcing some merch.
47:24
[SPEAKER_00]: What do you think?
47:24
[SPEAKER_00]: Did you get any yet?
47:25
[SPEAKER_00]: What's the vibe here?
47:27
[SPEAKER_01]: Well, I did.
47:29
[SPEAKER_01]: I own a moonbird.
47:30
[SPEAKER_01]: I've spent my fair share of money on crypto clothing.
47:37
[SPEAKER_01]: And over this time, and I might be aging myself out slightly, to wear like a big moon bird on my hoodie.
47:44
[SPEAKER_01]: But I think it's exciting, I think it's the Burbs family out there, what Spencer's building is super unique.
47:52
[SPEAKER_01]: Some of the designs are super cool.
47:56
[SPEAKER_01]: It just goes to show you that some of these brands out there, even though that NFTs are seen a few red days here, obviously, because they can be even more speculative
48:07
[SPEAKER_01]: But they're continuing to cook out there, I'm sure they're going to do well, but I believe they come in like a capsule forming on their website and buy some hoodies, buy some t-shirts.
48:15
[SPEAKER_01]: I actually sent this to Joe my counterpart on the side of things a moment of money makers.
48:20
[SPEAKER_01]: I was like, you pick it up by your member of Tony, and he made a joke.
48:23
[SPEAKER_01]: He's like, he's like, I got 10 pairs of shoes from Artifacts that from Nike that, you know, they went under.
48:31
[SPEAKER_01]: He's like, I don't know if I can dive back in.
48:33
[SPEAKER_01]: But I don't think that's going to happen to Moonbirds.
48:36
[SPEAKER_01]: I think this is very interesting for the right people, but they're continuing to grow the brand, grow the IP.
48:42
[SPEAKER_01]: That's what it's all about.
48:42
[SPEAKER_01]: It's the Puggy Penguin Playbook.
48:45
[SPEAKER_00]: Yeah, and then I saw some of them are wrecked, wrecked drinks.
48:48
[SPEAKER_00]: Was in stores, maybe?
48:50
[SPEAKER_00]: Did you see that?
48:52
[SPEAKER_01]: They were in 7-11 in California, but they sold out like five minutes.
48:57
[SPEAKER_01]: I know they're trying to get bigger deals out there.
48:58
[SPEAKER_01]: They're coming out with an energy drink.
49:01
[SPEAKER_01]: No joke, yesterday.
49:02
[SPEAKER_01]: I just got a new delivery of wrecked drinks.
49:04
[SPEAKER_01]: That's so many cases of wrecked drinks.
49:07
[SPEAKER_01]: I'm like giving it into my system a lot of nieces because they like I'm so much.
49:11
[SPEAKER_01]: But God, I like this and I center home with four cases of all different flavors.
49:16
[SPEAKER_01]: But shout out, I did cash in, I believe it closes tomorrow.
49:21
[SPEAKER_01]: So if anybody's listening, and you bought the moon pay drink, I forget that like white grape and something that's the purple can, you can claim your tokens.
49:30
[SPEAKER_01]: Now, I think you have until tomorrow.
49:32
[SPEAKER_01]: And I got like hundreds of dollars in rektoken.
49:36
[SPEAKER_01]: So it's an absolute score.
49:38
[SPEAKER_01]: I still love what they're doing at rekt drinks.
49:40
[SPEAKER_01]: And you know, it's been volatile.
49:42
[SPEAKER_01]: It's still growing out there.
49:44
[SPEAKER_01]: But you know, a lot of these founders out there definitely have the secret sauce.
49:49
[SPEAKER_01]: I don't think everyone's going to be able to do it, but there's a handful out there.
49:52
[SPEAKER_01]: The moon birds, the pudgies, the wrecks.
49:54
[SPEAKER_01]: That continue to grow the IP and brand.
49:57
[SPEAKER_01]: And I think they're going to be around for quite some time.
49:59
[SPEAKER_00]: Yeah, I think all of these, I was talking to Grant yesterday actually about you keep asking when Pudge is going to start flying again, I was like, listen, Grant.
50:08
[SPEAKER_00]: It's an IP play, like we're looking, we're looking for the next, I want a Pudgey kid show.
50:14
[SPEAKER_00]: Like my, I got a nephew.
50:15
[SPEAKER_00]: He's just blew me this, blew me that, blew me for my birthday.
50:18
[SPEAKER_00]: You know, I need the, I guess it blew is a dog and like some dad made it from Australia or something.
50:25
[SPEAKER_00]: And I was like, how can we get Puggie Penguin to be the next blew and just get it on Netflix and have, you know, have the kids fall in love with it.
50:33
[SPEAKER_00]: I think that's the play.
50:35
[SPEAKER_01]: I thought they had a show of some sort of one coming out.
50:40
[SPEAKER_01]: I can't even keep up because they have so many partnerships at this time.
50:45
[SPEAKER_01]: Maybe it was that animated YouTube series called Little Pudges.
50:49
[SPEAKER_01]: It debuted in spring of 2025.
50:52
[SPEAKER_01]: But it sounds like I believe they're coming out with another one.
50:54
[SPEAKER_01]: But, you know, that brand overall, I know the Pengu tokens taking a hit, but I still, it's one of my favorite meme coins, if you even want to call it's one of my favorite plays out there.
51:04
[SPEAKER_01]: Of course, it is going to take a much, I mean, alt coins are taking hits, but Pengu and Paggy penguins are one of the few companies out there that actually make
51:13
[SPEAKER_01]: millions of millions of dollars, you know, in Web 2 and in Web 3, I believe there can continue to grow and be around.
51:21
[SPEAKER_01]: And, you know, volatility can sometimes be a blessing.
51:23
[SPEAKER_01]: No one loves it in the present moment.
51:25
[SPEAKER_01]: But then we'll be looking back on it a year from now and be like, dang, how did we, how do we miss that move?
51:31
[SPEAKER_00]: For sure, let's wrap it up with one question.
51:33
[SPEAKER_00]: We had one question coming from the chat from Josh Clark has been an absolute stud of a listener, always in the chat.
51:40
[SPEAKER_00]: He's asking about H bar, I personally, full disclosure, do not have anything that Brian or I say about it, it's definitely not personal financial advice for you, Josh, or for anybody, but any thoughts on H bar, Brian,
51:56
[SPEAKER_01]: Yeah, I haven't been following it super closely.
51:59
[SPEAKER_01]: I have to be honest.
51:59
[SPEAKER_01]: I know it's like a public distributed ledger that uses like hash graph.
52:04
[SPEAKER_01]: It's by Hadera.
52:05
[SPEAKER_01]: It's used to like pay transactions and network services and secure networks through staking.
52:12
[SPEAKER_01]: I don't want to say too much about it.
52:15
[SPEAKER_01]: I mean, it's a multi-billion-dollar market cap.
52:17
[SPEAKER_01]: Is that the chart right there?
52:19
[SPEAKER_01]: Yeah.
52:20
[SPEAKER_01]: It looks pretty flat for the past year, which isn't terrible.
52:24
[SPEAKER_00]: Yeah, one year, one year, 227 percent.
52:27
[SPEAKER_00]: Oh, good for you.
52:28
[SPEAKER_00]: If you've been in for a year, depending on when you bought it, it's great.
52:31
[SPEAKER_00]: All time down, all time down, 56 percent, though.
52:35
[SPEAKER_01]: Yeah, I mean, they'll probably with like their with their ability to have like stable coin settlement and tokenization and supply chain tracking, I could see it, you know, continuing to or continue to do well, it's just it's just real tough right now with a lot of these if you wanted to call it all coins.
52:55
[SPEAKER_01]: because we need a little bit of stabilization in the market at the end of the day.
53:00
[SPEAKER_01]: You know, Bitcoin moves down 2% and then some of these all will go down 10% or 20% within the same day for no reason.
53:08
[SPEAKER_01]: So you could look at that as an opportunity, but nothing sticks out of it, hurting negative news about hedera.
53:13
[SPEAKER_01]: Actually, I know a few people in it that they like it, but I don't have a good vibe if I think it's a good vibe or
53:24
[SPEAKER_00]: Yeah, I don't either, I don't have much to say and then Brendan could give you the technicals of this, but obviously all time down 55% so even during, you know, altcoin season there, you know, it couldn't break through there, having trouble keep hitting the top there.
53:39
[SPEAKER_00]: So, you know, something to watch, but you know, depending on when you bought it, you know, maybe it was a great buy.
53:44
[SPEAKER_00]: Yeah, huge market cap and a lot of people in the project.
53:47
[SPEAKER_00]: So I'm sure there's other definitely other people that are deeper in the project and give you some thoughts about it.
53:52
[SPEAKER_00]: But just wanted to make sure that you were noticed there Josh, we appreciate you being a part of it and then, you know, Brian you mentioned it at kind of the top of the show there.
54:01
[SPEAKER_00]: Um, just appreciation for everybody.
54:03
[SPEAKER_00]: Thank you to all of veterans.
54:04
[SPEAKER_00]: I'm sure, you know, we have tons of listeners, um, you know, hundreds of thousands of people that listen to this show.
54:10
[SPEAKER_00]: I'm sure some of them are veterans, and I hope all of them, you know, appreciate, you know, what, at least, especially if you're living this country, what everybody who serves our military has done for us.
54:19
[SPEAKER_00]: So we really, really appreciate it.
54:22
[SPEAKER_00]: Um, a big thank you to you guys on Veterans Day, but thank you and thoughts to everybody, you know, veterans and current military every day for sure.
54:29
[SPEAKER_01]: No doubt, it's a special day for everyone, and we appreciate the service, it's the least we can say.
54:36
[SPEAKER_00]: Yeah, and we appreciate it so much, everybody else gets the day off, not us.
54:40
[SPEAKER_00]: We want to be here for you because we love you guys and we just love doing this and it's super fun.
54:45
[SPEAKER_00]: But that's going to be all for today.
54:46
[SPEAKER_00]: We appreciate everybody tuning in to the crypto rundown presented by Gemini.
54:50
[SPEAKER_00]: We're going to be back Friday.
54:52
[SPEAKER_00]: We're going to be back Friday 2 p.m. Eastern.
54:54
[SPEAKER_00]: I put it in the post.
54:55
[SPEAKER_00]: We're going to have bread and we'll do some technical analysis.
54:58
[SPEAKER_00]: We'll cover in the rest of the news and we'll we'll have a fun and week.
55:02
[SPEAKER_00]: But we always appreciate you guys listening.
55:04
[SPEAKER_00]: Hope you have a great rest of your day and we'll see you next time.
55:06
[SPEAKER_00]: Goodbye everybody.